NEW ORLEANS (

TheStreet

) --

BP's

(BP) - Get Report

busted well in the Gulf of Mexico is close to being plugged for good.

A relief well drilled almost 2.5 miles beneath the floor of the Gulf of Mexico has intersected the

BP well

, the U.S. government said late Thursday, the

Associated Press

reports.

The next step to permanently seal the well is to pump mud and cement down through the relief well to seal the ruptured well.

The busted well, which led to the worst offshore oil spill in U.S. history, should be finally sealed by Sunday, according to the

AP

.

-- Written by Joseph Woelfel

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